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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
6.
FINANCE COSTS
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Interest expense on:
Term loans
1,139,059
839,515
467,725
112,390
Hire purchase
120,305
271,881
-
-
Money market loan
228,507
92,478
-
-
Bank overdrafts
6,482
22,819
-
-
1,494,353
1,226,693
467,725
112,390
Amount owing to
subsidiaries
-
-
87,789
79,030
1,494,353
1,226,693
555,514
191,420
7.
PROFIT BEFORE TAX
Profit before tax is arrived at after crediting/(charging) the following:
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Interest income from:
Subsidiaries
-
-
421,791
480,371
Third parties
780,339
321,630
457,574
199,399
Dividend income from subsidiaries
-
-
5,084,439
3,694,760
Reversal of impairment loss on amount
owing by subsidiaries
-
-
-
14,623
Writeback of allowance for impairment
losses on trade receivables
717,433
148,158
-
-
Gain on disposal of investment in associates
-
2,945,303
-
-
Gain on dilution of investment in subsidiaries
-
65,203
-
-
Gain/(Loss) on foreign exchange - net:
Unrealised
2,918,303
1,215,953
(2,217,362)
(699,660)
Realised
2,891,130
790,733
(517,803)
23,975
Gain/(Loss) on disposal of property,
plant and equipment
6,669
(756,827)
-
1,200
Staff costs
(79,755,732)
(68,309,517)
(745,240)
(691,918)
Sub-contractor works
(52,937,582)
(89,630,245)
-
-
Depreciation of property,
plant and equipment
(18,132,726)
(18,423,125)
(23,816)
(19,697)
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)